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Enhancing Accountability in Public Finance through Performance in Bangladesh Government of the People’s Republic of Bangladesh Washington D.C. Ranjit Kumar Chakraborty Additional Secretary Finance Division, Ministry of Finance, Bangladesh December 5, 2011
[object Object],[object Object],Presentation Outline
[object Object]
[object Object],[object Object],[object Object],[object Object],Evolving Accountability in PFM
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Steps towards all encompassing accountability
[object Object],[object Object],[object Object],Origin of Public Opinion Survey
[object Object],[object Object],[object Object],[object Object],Examples of Public Opinion  Surveys, Globally
[object Object],[object Object],Origin of Public Opinion Survey
[object Object],[object Object],[object Object],[object Object],Examples of Public Opinion  Surveys, Globally
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Outcomes of Public Opinion  Surveys
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Impact of Public Opinion Surveys on Policy
[object Object],[object Object],[object Object],[object Object],Design of Public Opinion  Survey on PFM performance
[object Object]
Public Financial Management  and Development In Bangladesh ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Steady economic growth, fiscal discipline, increasing focus on enhancement of public financial management… … towards higher accountability with public resources.. Public Financial Management and Development in Bangladesh
PFM Reforms in Bangladesh  Reform Agenda initiated with some Progresses Audit and Evaluation Budget Execution  Budget Preparation under MTBF Policy & Economic Planning Training Capacity Building Information Technology Debt Management Treasury Management Macro economic framework Institutional support for the planning and budgeting  process Gender  poverty   and issues Budget Call notice support Performance Monitoring Budget Management Committees Ministry Planning Functions audit Internal Support to District & Upazilla Accounting Offices Computerisation of the accounting system  Institutional support for the Controller General of Accounts Systems maintenance Institutional support for the Comptroller and Auditor General Systems based financial auditing Social performance auditing
[object Object],[object Object],Updating and consolidation of financial rules and regulations Introduction of new classification structure Computerized accounts consolidation Computerization of the budgeting system in the Finance Division. Financial Management Information System (iBAS): facilitating faster transfer of information and data for greater accuracy and timeliness Milestones of  15  years of PFM  reform in Bangladesh till SPEMP Separation of Accounts and Audit function  – Accounts under MOF, not the Auditor General Establishment of Financial Management Academy (FIMA) Formal  Comptroller and Auditor General (C&AG) system for  supporting Public Accounts Committee (PAC) functions PAC chaired by  a Member of Parliament, not by Minister  Strengthened External Audit and Parliamentary Oversight Functions
New  Treasury Rules, Accounts Code, expenditure control  and  Accounting Manual  for development projects Introduction of  system - based  audits in selected line ministries  Comprehensive  training  program on Management,  Finance, Budgeting, IT, Economics including International post-graduate training  Milestones of 15 years of PFM  reform in Bangladesh till SPEMP…cont’d Strengthened macro-economic  modeling capacity   to underpin more robust budgeting.  Enhanced Debt management capacity  in Finance Division. Advanced budgeting and expenditure  management through  MTBF. Strengthened ministry-level capacities  in budget preparation. Qualitative  review of audit report  by PAC
[object Object],[object Object],[object Object],[object Object],Bangladesh’s steps towards enhanced performance for better accountability
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Bangladesh’s steps towards enhanced performance for better accountability
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Bangladesh’s steps towards enhanced performance for better accountability
 

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Enhancing Accountability in Public Finance through Performance in Bangladesh

  • 1. Enhancing Accountability in Public Finance through Performance in Bangladesh Government of the People’s Republic of Bangladesh Washington D.C. Ranjit Kumar Chakraborty Additional Secretary Finance Division, Ministry of Finance, Bangladesh December 5, 2011
  • 2.
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  • 15. PFM Reforms in Bangladesh Reform Agenda initiated with some Progresses Audit and Evaluation Budget Execution Budget Preparation under MTBF Policy & Economic Planning Training Capacity Building Information Technology Debt Management Treasury Management Macro economic framework Institutional support for the planning and budgeting process Gender poverty and issues Budget Call notice support Performance Monitoring Budget Management Committees Ministry Planning Functions audit Internal Support to District & Upazilla Accounting Offices Computerisation of the accounting system Institutional support for the Controller General of Accounts Systems maintenance Institutional support for the Comptroller and Auditor General Systems based financial auditing Social performance auditing
  • 16.
  • 17. New Treasury Rules, Accounts Code, expenditure control and Accounting Manual for development projects Introduction of system - based audits in selected line ministries Comprehensive training program on Management, Finance, Budgeting, IT, Economics including International post-graduate training Milestones of 15 years of PFM reform in Bangladesh till SPEMP…cont’d Strengthened macro-economic modeling capacity to underpin more robust budgeting. Enhanced Debt management capacity in Finance Division. Advanced budgeting and expenditure management through MTBF. Strengthened ministry-level capacities in budget preparation. Qualitative review of audit report by PAC
  • 18.
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  • 21.